Iceland - Transport services (% of service imports, BoP)

Transport services (% of service imports, BoP) in Iceland was 19.61 as of 2020. Its highest value over the past 44 years was 65.25 in 1979, while its lowest value was 19.13 in 2019.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 54.69
1977 57.28
1978 61.17
1979 65.25
1980 63.43
1981 59.47
1982 59.35
1983 54.47
1984 50.11
1985 57.62
1986 44.46
1987 36.16
1988 38.03
1989 36.36
1990 30.20
1991 29.94
1992 27.83
1993 26.84
1994 28.99
2009 25.50
2010 24.70
2011 25.01
2012 24.38
2013 25.83
2014 24.10
2015 23.56
2016 22.12
2017 22.03
2018 21.20
2019 19.13
2020 19.61

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments